We are the sole leasing business platform and one of the key strategic business segments of CDB, dedicated to providing comprehensive leasing services to high-quality customers in industries including aviation, infrastructure, shipping, commercial vehicle and construction machinery. We are a pioneer and a leader in the PRC leasing industry. Founded in 1984, we were among the first leasing companies in the PRC and the first CBRC-regulated leasing companies.

We are the sole leasing business platform and one of the key strategic business segments of CDB, dedicated to providing comprehensive leasing services to high-quality customers in industries including aviation, infrastructure, shipping, commercial vehicle and construction machinery. We are a pioneer and a leader in the PRC leasing industry. Founded in 1984, we were among the first leasing companies in the PRC and the first CBRC-regulated leasing companies.

Our history dates back to 1984, when our predecessor, Shenzhen Leasing Company Limited, was established in the PRC following approval by the Shenzhen government. Since then we have operated for more than 30 years, and are one of the first leasing companies in China. In 1985, we were approved by the PBOC Shenzhen Special Economic Zone Branch to engage in leasing business. In 1999, the Company was renamed Shenzhen Financial Leasing Company Limited.

In 2008, CDB became our Controlling Shareholder through share acquisition and capital increase, and has been our sole Controlling Shareholder. Since 2008, we have been the sole leasing business platform of CDB. As a development finance institution established by the PRC government, CDB provides strategic services for the medium to long-term development of the national economy, principally through the engagement of financial services such as medium to long-term credit lending and investment. CDB is a leading bank in China’s medium to long-term credit lending, and the largest domestic bank for foreign currency loans in China. On May 22, 2008, the Company was renamed China Development Bank Financial Leasing Company Limited.

With the approval of our Shareholders, our Company was restructured into China
Development Bank Financial Leasing Co., Ltd., a joint stock company with limited liability on September 28, 2015. At the time of its establishment, China Development Bank Financial Leasing Co., Ltd. had a registered share capital of RMB9,500,000,000, consisting of 9,500,000,000 Shares with a nominal value of RMB1.00 each; CDB, our sole Controlling Shareholder, held approximately 88.95% of our Shares.

We pioneered aircraft leasing business among PRC leasing companies by entering into a purchase agreement with Xi’an Aircraft Industry in respect of three MA60 aircraft.

2006

We pioneered the aircraft operating lease business among PRC financial leasing companies by entering into a leasing agreement with China Eastern Airlines Corporation Limited in respect of an A330 aircraft.

2008

CDB became our Controlling Shareholder, and the Company was renamed China Development Bank Financial Leasing Company Limited, which was then the largest leasing company in terms of registered capital in the PRC.

2009

The Company accomplished the first acquisition of an aircraft asset portfolio, accompanied by a leasing contract with GE Capital Aviation Services, which was rewarded as the Best International Transaction of the Year 2009 by Airfinance Journal. Since then, the Company has formally entered the international market for aircraft leasing business.
The Company completed the sale-and-leaseback project of Kunming-Shilin Expressway in Yunnan. The Company has since fully entered into the infrastructure leasing sector.
The Company entered into its first commercial vehicle strategic cooperation agreement with Beiqi Foton Motor Co., Ltd., a leading manufacturer of commercial vehicles, making it the first PRC financial leasing company to carry out manufacturer leasing business.

2010

The Company entered into the national interbank lending market after obtaining approval from the PBOC.

2012

The total assets of the Company reached RMB100 billion, making it the first CBRC-regulated leasing company with total assets exceeding RMB100 billion.
Witnessed by China’s President Xi Jinping and Governor General of Canada David Johnston, the Company and Bombardier Aerospace entered into a purchase agreement in respect of 15 C Series aircraft with a total order amount of approximately US$914 million.
The Company completed the Japanese Taxation Financing Lease (JOLCO) structured financing in relation to three aircraft, which was recognized as the Best Taxation Financing Transaction of the Year 2012 by Airfinance Journal. This transaction was the Company’s first successful tax financing business.
The Company successfully issued bonds with a principal amount of US$1.5 billion through an offshore SPC in the international capital market for the first time, which was awarded the Best Quasi-sovereign Bond of the Year 2012 by Asset Magazine.

2014

The Company completed the purchase of 130 mainstream narrow-body aircraft.
The Company received international credit ratings of A+ from Fitch, A+ from Standard & Poor’s and A1 from Moody’s.

2015

The Company was reorganized into a joint stock company with limited liability, and was renamed as China Development Bank Financial Leasing Co., Ltd.
The Company was approved by the PBOC to carry out foreign currency lending business in the national interbank lending market.
The Company successfully entered into the credit information system of the PBOC.
The Company was awarded the China Aircraft Finance Industry Promotion Award by the Fourth China Aircraft Finance Forum.